Greater Orlando Real Estate Blog
Good News- Bad News in the Orlando Resale Market in July. The number of homes sold increased 11.6% from July, 2007, but the me diam sale price decreased 19% from $258,000 in July, 2007 to $209,100 in July 2008. Here’s the complete story form Orlando’s Business Journal, published 8/25/208:
The Orlando housing market saw an improvement [...]
Here’s an interesting article that was in today’s publication of the Orlando Business Journal:
More than 1,400 Orlando-area homes were added to the market in January, pushing the inventory to a nearly three-year supply, according to the Orlando Regional Realtor Association.
The association reports 25,724 homes are for sale in the Orlando area through the multiple listings service, [...]
In December Congress passed sweeping legislation intended to help home sellers with foreclosures, short sales, deed in lieu of foreclosures, and loan modifications. Prior to this bill discharged debt had been considered ordinary income to the borrower for income tax purposes. Under certain circumstance (see below) taxpayers may now exclude this amount and the associated [...]
Maureen O'Grady Loeb
407-488-2625
Maureen@HeathrowRealty.com